U.S. petroleum demand near its highest levels in 11 years

ed by gasoline and seasonal demand for heating fuels, U.S. petroleum demand hit 20.3 million barrels per day in February.



N.D. oil production holds steady in January

North Dakota oil production held steady in January despite harsh winter weather, producing an average of more than 1.17 million barrels per day.



Rules adding transparency to oil royalty statements get final OK

The Legislature's Administrative Rules Committee approved a new set of oil and gas rules Monday, but regulations that add transparency to royalty statements won't take effect until July 2019.



New studies project that offshore energy development will significantly increase U.S. jobs, domestic spending, investments and state revenues

Atlantic OCS - $260 billion. Pacific OCS - $160 billion. Eastern Gulf OCS - $118 billion. Alaska OCS - $53.4 billion.



Oil industry: Trump's offshore drilling plan could add $590B to economy

"Ultimately, the studies confirmed... opening the currently restricted areas would increase economic benefits, not only specifically for the coastal regions near the offshore development, but also nationally as well..."



Zinke says Interior should be a partner with oil companies

"Interior should not be in the business of being an adversary. We should be in the business of being a partner,"



Shale Revolution Makes U.S. An 'Ally' Of Nations Seeking Energy Security, Says Rick Perry

The shale revolution has altered geopolitical paradigms making the U.S. an ally of "all nations seeking energy security", according to Secretary of Energy Rick Perry.



Our next energy and security crisis?

Oil and natural gas aren't just fuels. They supply building blocks for pharmaceuticals; plastics in vehicle bodies... and complex composites in solar panels and wind turbine blades and nacelles. The USA was importing 65% of its petroleum in 2005, creating serious national security concerns. But fracking helped cut imports to 40% and the US now exports oil and gas.



US oil expected to meet most of world's growth in demand

A global energy group says booming production in the United States will meet most of the world's growth in demand for oil in the next few years.



U.S. Will Be the World's Largest Oil Producer by 2023, Says IEA

The No. 1 overall message, non-OPEC supply growth is very, very strong, which could change the parameters for the oil markets in the years to come, led by the United States...